FER 0.00% 2.0¢ fermiscan holdings limited

plt a grab for fer's cash

  1. 4 Posts.
    Hi - i am brand new to this forum and this is my first post.
    I have just received in today's mail the target statement - and what a lengthy document it is. The most imporant observation I can make is that it appears that plt has run out of money and now owes $475,000 for the production of the bidders statement.Fermiscan has done the right thing for its shareholers by appointing an independant consultant - to evaluate the PLT offer. It's obvious that PLT wanted FER's cash and in return was offering nothing but scrip. PLT has sold its products into countries with no patent protection and from which no payments have been received this year.
    Also, my broker has indicated to me today that he finds the fact that plt after making its biddders statement public has then informed its own shareholders that it will not make its profit forecast. Any views? - My broker suggests that this is dishonest and may even warrant an ASIC investigation.
 
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